Central Securities (NYSE:CET) CEO John Hill Purchases 500 Shares of Stock

Central Securities Co. (NYSE:CET) CEO John Hill purchased 500 shares of the stock in a transaction dated Monday, December 29th. The shares were acquired at an average price of $50.91 per share, for a total transaction of $25,455.00. Following the acquisition, the chief executive officer directly owned 77,373 shares of the company’s stock, valued at $3,939,059.43. This represents a 0.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Central Securities Price Performance

NYSE:CET opened at $51.93 on Wednesday. The business’s fifty day moving average price is $50.40 and its 200 day moving average price is $49.94. Central Securities Co. has a 1-year low of $40.24 and a 1-year high of $52.44.

Central Securities Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 14th were given a $2.45 dividend. This represents a dividend yield of 1,003.0%. The ex-dividend date of this dividend was Friday, November 14th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC grew its holdings in shares of Central Securities by 14.8% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 287,793 shares of the company’s stock valued at $14,784,000 after acquiring an additional 37,099 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Central Securities by 43.7% during the first quarter. Advisors Asset Management Inc. now owns 17,786 shares of the company’s stock worth $800,000 after acquiring an additional 5,411 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Central Securities by 104.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,957 shares of the company’s stock valued at $524,000 after purchasing an additional 5,585 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Central Securities in the second quarter valued at about $283,000. Finally, Shaker Financial Services LLC grew its stake in Central Securities by 17.1% in the second quarter. Shaker Financial Services LLC now owns 211,722 shares of the company’s stock valued at $10,133,000 after purchasing an additional 30,909 shares in the last quarter. Institutional investors and hedge funds own 8.68% of the company’s stock.

Central Securities Company Profile

Central Securities Corporation (NYSE: CET) is a diversified, closed-end management investment company that has operated since its incorporation in 1927. Listed on the New York Stock Exchange, the company offers investors access to a blend of equity and fixed-income strategies within a single vehicle. Headquartered in St. Louis, Missouri, Central Securities seeks to deliver total return through a combination of dividend income and capital appreciation.

The company’s investment strategy emphasizes a core allocation to U.S.